Bill Text: IL SB0513 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Illinois Municipal Retirement Fund.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [SB0513 Detail]

Download: Illinois-2011-SB0513-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB0513 Introduced 2/8/2011, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED:
40 ILCS 5/7-141 from Ch. 108 1/2, par. 7-141
Amends the Illinois Pension Code. Makes a technical change in a Section concerning the Illinois Municipal Retirement Fund.
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PENSION IMPACT NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by changing
Section 7-141 as follows:
(40 ILCS 5/7-141) (from Ch. 108 1/2, par. 7-141)
Sec. 7-141. Retirement annuities - Conditions. Retirement
annuities shall be payable as hereinafter set forth:
(a) A participating employee who, regardless of cause, is
separated from the the service of all participating
municipalities and instrumentalities thereof and participating
instrumentalities shall be entitled to a retirement annuity
provided:
1. He is at least age 55, or in the case of a person who
is eligible to have his annuity calculated under Section
7-142.1, he is at least age 50;
2. He is (i) an employee who was employed by any
participating municipality or participating
instrumentality which had not elected to exclude persons
employed in positions normally requiring performance of
duty for less than 1000 hours per year or was employed in a
position normally requiring performance of duty for 600
hours or more per year prior to such election by any

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participating municipality or participating
instrumentality included in and subject to this Article on
or before the effective date of this amendatory Act of 1981
which made such election and is not entitled to receive
earnings for employment in a position normally requiring
performance of duty for 600 hours or more per year for any
participating municipality and instrumentalities thereof
and participating instrumentality; or (ii) an employee who
was employed only by a participating municipality or
participating instrumentality, or participating
municipalities or participating instrumentalities, which
have elected to exclude persons in positions normally
requiring performance of duty for less than 1000 hours per
year after the effective date of such exclusion or which
are included under and subject to the Article after the
effective date of this amendatory Act of 1981 and elects to
exclude persons in such positions, and is not entitled to
receive earnings for employment in a position normally
requiring performance of duty for 1000 hours or more per
year by such a participating municipality or participating
instrumentality;
3. The amount of his annuity, before the application of
paragraph (b) of Section 7-142 is at least $10 per month;
4. If he first became a participating employee after
December 31, 1961, he has at least 8 years of service. This
service requirement shall not apply to any participating

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employee, regardless of participation date, if the General
Assembly terminates the Fund.
(b) Retirement annuities shall be payable:
1. As provided in Section 7-119;
2. Except as provided in item 3, upon receipt by the
fund of a written application. The effective date may be
not more than one year prior to the date of the receipt by
the fund of the application;
3. Upon attainment of age 70 1/2 if the member (i) is
no longer in service, and (ii) is otherwise entitled to an
annuity under this Article;
4. To the beneficiary of the deceased annuitant for the
unpaid amount accrued to date of death, if any.
(Source: P.A. 91-887, eff. 7-6-00.)